REGISTERED NUMBER: NI644901 (Northern Ireland)

Financial Statements for the Year Ended 31 March 2026

for

Fee Engineering Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A Fee

REGISTERED OFFICE:

Thistlebank House

2 Old Henry Street

Enniskillen

Co. Fermanagh

BT74 7JX

REGISTERED NUMBER:

NI644901 (Northern Ireland)

ACCOUNTANTS:

Dundas Gallagher

Chartered Accountants and Statutory Auditors

Thistlebank House

2 Old Henry Street

Enniskillen

Co. Fermanagh

BT74 7JX

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

731,151

463,468

731,151

463,468

CURRENT ASSETS

Stocks

320,580

124,750

Debtors

6

374,176

554,569

Cash at bank

896,333

756,772

1,591,089

1,436,091

CREDITORS

Amounts falling due within one year

7

876,353

733,436

NET CURRENT ASSETS

714,736

702,655

TOTAL ASSETS LESS CURRENT LIABILITIES

1,445,887

1,166,123

CREDITORS

Amounts falling due after more than one year

8

(61,508

)

(24,417

)

PROVISIONS FOR LIABILITIES

(96,062

)

(77,406

)

NET ASSETS

1,288,317

1,064,300

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,288,217

1,064,200

1,288,317

1,064,300

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 October 2026 and were signed by:

Mr A Fee - Director

1.	STATUTORY INFORMATION

Fee Engineering Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost and 10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2025 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

20,000

AMORTISATION

At 1 April 2025

and 31 March 2026

20,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2025

128,159

512,174

640,333

Additions

138,277

225,122

363,399

Disposals

-

(64,496

)

(64,496

)

At 31 March 2026

266,436

672,800

939,236

DEPRECIATION

At 1 April 2025

-

176,865

176,865

Charge for year

-

68,653

68,653

Eliminated on disposal

-

(37,433

)

(37,433

)

At 31 March 2026

-

208,085

208,085

NET BOOK VALUE

At 31 March 2026

266,436

464,715

731,151

At 31 March 2025

128,159

335,309

463,468

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

342,721

501,433

Other debtors

31,455

53,136

374,176

554,569

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

2,457

9,979

Hire purchase contracts

47,559

16,651

Trade creditors

687,652

555,184

Taxation and social security

87,536

91,712

Other creditors

51,149

59,910

876,353

733,436

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

2,500

Hire purchase contracts

61,508

21,917

61,508

24,417

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Mr A Fee

Balance outstanding at start of year

43,415

60,772

Amounts advanced

22,731

35,249

Amounts repaid

(37,600

)

(52,606

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

28,546

43,415